U.S. Gold Corp. (NASDAQ:USAU) Director Purchases $20,950.00 in Stock

U.S. Gold Corp. (NASDAQ:USAU) Director Luke Anthony Norman bought 5,000 shares of the stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of $4.19 per share, for a total transaction of $20,950.00. Following the acquisition, the director now directly owns 348,980 shares in the company, valued at $1,462,226.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

U.S. Gold Stock Performance

U.S. Gold stock opened at $4.37 on Friday. The stock has a market cap of $40.78 million, a P/E ratio of -5.99 and a beta of 1.30. U.S. Gold Corp. has a fifty-two week low of $2.92 and a fifty-two week high of $5.21. The firm’s fifty day moving average price is $3.74 and its 200-day moving average price is $3.62.

U.S. Gold (NASDAQ:USAU) last released its quarterly earnings results on Monday, March 18th. The technology company reported ($0.18) earnings per share for the quarter. Sell-side analysts predict that U.S. Gold Corp. will post -1.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USAU. Virtu Financial LLC bought a new position in shares of U.S. Gold in the first quarter worth $172,000. National Bank of Canada FI purchased a new position in U.S. Gold in the fourth quarter worth $90,000. Renaissance Technologies LLC purchased a new position in U.S. Gold in the fourth quarter worth $72,000. Citadel Advisors LLC purchased a new position in U.S. Gold in the third quarter worth $57,000. Finally, State Street Corp grew its position in U.S. Gold by 72.2% in the first quarter. State Street Corp now owns 22,900 shares of the technology company’s stock worth $160,000 after acquiring an additional 9,600 shares in the last quarter. Institutional investors own 6.64% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $11.00 target price on shares of U.S. Gold in a report on Friday, March 1st.

U.S. Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.